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Can a Foreclosure Occur with a Reverse Mortgage?

Dan HultquistJune 18, 2019June 18, 2019

by Dan HultquistJune 18, 2019June 18, 20191588

As a mortgage professional, I worked nights and weekends as a housing counselor during the financial crisis. Foreclosures are scary and heartbreaking, and I will admit to crying with clients when their only option was to pick up boxes behind the grocery store and find any friend with a truck.

All that USA Today got wrong about reverse mortgages

Shannon HicksJune 17, 2019June 14, 2019

by Shannon HicksJune 17, 2019June 14, 20197 635

A rebuttal to USA Today’s recent expose/editorial on reverse mortgages If there’s one thing many media outlets practice it is selective reporting of facts, willful omission, dividing Americans by race or economic class, and fear-mongering to garner clicks to increase ad revenues. Such are the criticisms that come to

What’s your story?

Shannon HicksJune 13, 2019June 13, 2019

by Shannon HicksJune 13, 2019June 13, 20191337

What’s your story when you present reverse mortgages? Your internal beliefs are reflected in how you describe the reverse mortgage to potential borrowers, financial advisors, and other professionals.

Reframe the Game

Amara RoseJune 11, 2019June 10, 2019

by Amara RoseJune 11, 2019June 10, 20191618

Reimagining the “R” Word Retirement. It’s no longer a “retreat” from life (if it ever was). As we’ve explored multiple times, people are retiring later or downshifting from full time to part time employment, or moving into a consulting role or some other line of work, rather than simply leaving

Home appreciation slowing- This Week’s RM News

Shannon HicksJune 10, 2019June 7, 2019

by Shannon HicksJune 10, 2019June 7, 20191377

Home appreciation slows- RMS up for auction-RM’s evolving Watch for a round-up of this week’s top reverse mortgage news stories.

The Comparison Trap

Shannon HicksJune 7, 2019June 6, 2019

by Shannon HicksJune 7, 2019June 6, 20194 361

Unhappy? You may be comparing yourself to others Theodore Roosevelt famously said that comparison is the thief of joy. Often our dissatisfaction and unhappiness are rooted in comparing ourselves to others.

“One of the biggest drivers of losses in the HECM”

Shannon HicksJune 4, 2019June 3, 2019

by Shannon HicksJune 4, 2019June 3, 20192 442

The Urban Institute calls for loan servicing reform Despite the good news last month that the backlog of HECM assignments has been cleared, significant problems remain according to the Urban Institute. “Rather than continuing to narrow eligibility—and decreasing participation further—the FHA should focus on reducing costs. Addressing losses on assigned

May Top 100 HECM Lenders Report

Shannon HicksJune 3, 2019June 3, 2019

by Shannon HicksJune 3, 2019June 3, 20193 1043

Download the full report [pdf] We expect to see now-exited Live Well Financial’s loans in the report for the next 3-4 months as their pending pipeline of loans are insured. May endorsements are down 8% month-to-month but volume is only down modestly when considering the second

All that USA Today got wrong about reverse…

Home appreciation slowing- This Week’s RM News

The HECM CBO report, politics & Congress

BREAKING: The CBO proposes 4 major HECM changes

Featured

Can a Foreclosure Occur with a Reverse Mortgage?

All that USA Today got wrong about reverse mortgages

What’s your story?

Reframe the Game

Home appreciation slowing- This Week’s RM News

The Comparison Trap

“One of the biggest drivers of losses in the HECM”

May Top 100 HECM Lenders Report

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